Good start to the year for FOS. CEO acknowledges some favourable timing, but it does appear to have rebased quarterly revenue following the KLIK acquisition. Slight easing of the order book and pipeline since year end. Con strongly suggested further M&A was imminent on the call this week...could be good or bad. I'm a bit concerned about cyclicality but government spending will help alleviate a commercial downturn.

[Holding a starter position]